Fidelity Bank says it has achieved a new historic milestone after its gross earnings for a nine-month period starting from January 2025 surpassed N1.1 trillion for the first time, according to the bank’s latest financial statement.
This was contained in an unaudited financial report published by the Nigerian Exchange Group last week, which detailed the bank’s third-quarter status for the period ended September 30, 2025.
According to the report, Fidelity’s gross earnings during the period, which started in July and ended in September, grew to N366.1 billion from N338.9 billion recorded in the same period last year, signaling an impressive year for the bank sector.
Fidelity’s interest income, calculated using the effective interest rate, increased by 33 per cent from N214.7 billion recorded in the third quarter of 2024 to N285.6 billion in 2025, while other interest income grew from N13.0 billion to N34.2 billion, the financial statement showed.
Considering the nine-month period from January, the bank’s net interest income has surpassed N565.3 billion from N470.5 billion in the previous year, while fee and commission income totaled N84.5 billion, up from N56.3 billion during the same period last year.
Meanwhile, fee and commission income grew from N21.1 billion to N31.1 billion in a significant 47.2 per cent increase in the third quarter this year. This was specifically driven by growth in transaction volumes and digital banking adoption.
Foreign currency revaluation gains contributed N14.1 billion to non-interest revenue from July to September. However, the credit loss expenses moved to N900 million from N32.8 billion in the third quarter of 2024.
Overall, from January to September, Fidelity reached a new high of N1.1 trillion in gross earnings, the first time since the bank was founded, a huge leap from N772.5 billion recorded after the third quarter of 2024.
According to the statement, Fidelity’s total assets also crossed the N10 trillion mark, up from N8.8 trillion last year, thanks to robust growth in cash, customer loans, and investment securities.
